U.S. NON-FARM PAYROLLS

U.S. NON-FARM PAYROLLS

On Friday, the US employment report  will be released  (The non-farm payroll or NFP)  is a monthly measure of US Labour market health released by the Bureau of Labour Statistics.

The NFP report is among the most market-moving data points for the US Dollar, US equities, Treasuries and gold.

As a result, many analysts, traders, investors, and speculators anticipate the NFP number and the directional movement it will cause.

With so many watching this report and interpreting it, even when the number comes in line with estimates, it can cause large rate swings.

A higher-than-expected reading should be taken as positive/bullish for the USD, while a lower-than-expected reading should be taken as negative/bearish for the USD.

Market consensus is for an increase in payrolls of 650K. According to analysts at Wells Fargo, a weak report could entrench expectations of the Federal Reserve tapering its QE.